Property summary
This exceptional 5,122 square foot Class B medical office building in Mesa, Arizona, presents a compelling investment opportunity. Located at 4827 E Southern Ave, this single-story, 100% occupied property boasts a strong 5.25% cap rate and a substantial net operating income (NOI) of $115,515.84. The property features two medical tenants under long-term NNN leases: Whiting Dental, soon to sign a new 7-year lease, and Grace Dental Studio, with a brand new 5-year lease. Suite 100 encompasses approximately 2,600 square feet, including reception, conference room, two offices, break room, two restrooms, eight exam rooms, and a lab room. Suite 200 offers approximately 2,522 square feet, featuring reception, conference room, break room, four offices, a bullpen, and two restrooms. The property sits on a 34,914 square foot lot and offers ample parking (8.08 spaces per 1,000 sq ft). The asking price is $2,200,301, translating to $429.57 per square foot. Permitted zoning is OC, City of Mesa, and the APN is 140-54-005R. Built in 2000, this property offers a stable, high-performing investment with significant upside potential. This is a turnkey investment opportunity with minimal vacancy risk.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
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Dental Office
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Dental Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Office Commercial (OC). To provide areas for small-scale medical and professional offices intended to serve the community and remain compatible with adjacent residential areas. 5.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
OC · Mesa, AZOffice Commercial (OC). To provide areas for small-scale medical and professional offices intended to serve the community and remain compatible with adjacent residential areas. 5.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Office Commercial (OC). To provide areas for small-scale medical and professional offices intended to serve the community and remain compatible with adjacent residential areas. 5.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OC in Mesa, AZ.
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Find the owner behind the property.
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